Central Bank of Turkey tightens monetary policy

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# 12:53
24 January 2017

Central Bank of Turkey has increased the upper limit of the interest corridor from 8.5% to 9.25%.

 

According to Turkish media, the bank increased the interest rates on refinancing from 10% to 11%.

 

Interest rate hike caused increase of exchange rate of dollar. 1USD increased from TRY 3.74 to TRY 3.82. 

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